The answer is 1200.00 dollars in interest on that loan of 20000.00 for 50 days at 6 percent interest.
Wiki User
∙ 14y ago$48
The monthly interest is 100.
It is 240 currency units.
Simple interest = 1000 * 5/100 * 3 = 150
17.41
$367.20
The simple interest on a 525 loan at the rate of 4.5 percent for 60 days is 3.9375.
32
146.20
[{(3200*6)/100}/365]*60
An inexpensive loan is one with a 0.12 percent interest rate. A medium price loan would be about a 6.5 percent interest rate. Lastly, an expensive loan would be one with an interest rate of 15 percent or more.
It depend on the interest of the loan some have a 0 percent interest all the way up to a 0.3 percent interest!
Both are often used. You do want to be sure that if it is being secured with a home that the interest on the loan is tax deductable.
6% annual interest would be c.
$60 of your loan
17.41
The interest of a small business loan depends on the size of the loan. For loans under $100 000 the interest rate is seven to eight percent and for loans over $100 000 the interest rate is six to seven percent.